Tiptree Inc. (NASDAQ:TIPT - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $21.96 and last traded at $21.96, with a volume of 232 shares trading hands. The stock had previously closed at $19.72.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Tiptree from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, September 25th.
View Our Latest Analysis on TIPT
Tiptree Stock Up 3.5 %
The company has a fifty day moving average of $19.57 and a two-hundred day moving average of $18.04. The stock has a market capitalization of $750.88 million, a price-to-earnings ratio of 21.04 and a beta of 1.30.
Tiptree (NASDAQ:TIPT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.53 EPS for the quarter. The firm had revenue of $546.67 million during the quarter. Tiptree had a net margin of 1.62% and a return on equity of 11.97%.
Institutional Trading of Tiptree
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Tiptree by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,154,954 shares of the financial services provider's stock worth $19,958,000 after buying an additional 17,660 shares during the period. Cove Street Capital LLC grew its holdings in shares of Tiptree by 7.1% in the 1st quarter. Cove Street Capital LLC now owns 423,767 shares of the financial services provider's stock worth $7,323,000 after acquiring an additional 28,132 shares during the period. Hillsdale Investment Management Inc. increased its stake in Tiptree by 8.5% in the 1st quarter. Hillsdale Investment Management Inc. now owns 226,577 shares of the financial services provider's stock valued at $3,915,000 after purchasing an additional 17,700 shares in the last quarter. Millennium Management LLC increased its stake in Tiptree by 58.7% in the 2nd quarter. Millennium Management LLC now owns 205,416 shares of the financial services provider's stock valued at $3,387,000 after purchasing an additional 75,943 shares in the last quarter. Finally, Steamboat Capital Partners LLC acquired a new position in Tiptree during the first quarter worth $3,427,000. 37.78% of the stock is currently owned by hedge funds and other institutional investors.
Tiptree Company Profile
(
Get Free Report)
Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.
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